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San Diego, California cityscape at the Gaslamp Quarter.
San Diego, California
Shutterstock

Home sales plummeted this year as housing prices and mortgage rates climbed to historic levels — but a new report suggests certain real estate markets could rebound in 2024.

Select markets in the Northeast, Midwest and Southern California are primed for sales and price growth next year, according to real estate broker Realtor.com’s new forecast. Among the cities where residential real estate is likely to be hot in 2024 are smaller, more affordable alternatives to big urban centers.

Realtor.com ranked the largest U.S. metropolitan areas based on expected sales and price growth in the coming year. Here are the results.